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American Electric Power — Feb 12, 2026 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000004904-26-000011
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Incremental load growth (signed agreements)
“56 GW”
Period
FY2030
Measure
Company-defined measure
Source
Prose
All guidance in this release · 6
Incremental load growth (signed agreements) for FY2030
“56 GW”
Five-year capital investment plan for the long term
“$72 billion”
Long-term operating earnings growth rate for the long term
“7% to 9%”
Operating earnings for FY2026
“$6.15 to $6.45 per share”
Opportunities identified for incremental inv… for FY2026
“$5 billion to $8 billion”
Additional transmission and generation proje…
“$5 billion to $8 billion”
Exhibit 99.1 · the passage around this item
Exhibit 99.1 News from AEP AEP Reports Fourth Quarter and Full-Year 2025 Results, Reaffirms Long-Term Growth Outlook • Full-year GAAP earnings of $6.70 per share and operating earnings of $5.97 per share • 56 GW of incremental load by 2030, up from 28 GW in October, all backed by signed agreements • Opportunities identified for $5 billion to $8 billion of incremental investment beyond AEP’s $72 billion five-year capital plan • 2026 operating earnings guidance of $6.15 to $6.45 per share and long-term operating earnings growth rate of 7% to 9% reaffirmed COLUMBUS, Ohio (Feb 12, 2026) – American Electric Power (Nasdaq: AEP) today reported fourth-quarter 2025 GAAP earnings of $582 million or $1.09 per share, compared with GAAP earnings of $664 million or $1.25 per share in fourth-quarter 2024. Operating earnings for fourth-quarter 2025 were $638 million or $1.19 per share, compared with operating earnings of $660 million or $1.24 per share in fourth-quarter 2024. Year-end 2025 GAAP earnings were $3.58 billion or $6.70 per share, compared with GAAP earnings of $2.97 billion or $5.60 per share for year-end 2024. Year-end 2025 operating earnings were $3.19 billion or $5.97 per share, compared with operating earnings of $2.98 billion or $5.62 per share for year-end 2024. See the detailed GAAP to operating earnings reconciliation at the end of this press release. AEP reaffirmed its 2026 operating
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other guidance in this release
Text is the filed exhibit, verbatim.